Synopsis: The National Stock Exchange of India will launch 10g gold futures from March 16, 2026, offering smaller contract sizes for retail participation. The GOLD10G contract features monthly expiry, price limits, SPAN-based margins, and compulsory physical delivery in Ahmedabad.
Gold futures are exchange-traded contracts that let investors buy or sell gold at a fixed price for a future date. They are used for hedging against price volatility and for trading, offering leverage and price transparency.
The launch of 10g gold futures by the National Stock Exchange of India will make gold derivatives trading more affordable and accessible, especially for retail investors and small traders. With a lower contract value compared to the standard 1 kg contract, participants can hedge risk, diversify portfolios, and gain exposure to gold price movements with reduced capital commitment.
NSE to Launch 10g Gold Futures
The National Stock Exchange of India (NSE) will introduce 10-gram gold futures contracts in its commodity derivatives segment from March 16, 2026. The new, smaller-denomination contract is aimed at making gold futures trading more accessible to retail investors and small traders. By reducing the contract size compared to the traditional 1 kg gold futures, NSE is expanding participation opportunities in the bullion derivatives market.
Trading Timings and Expiry Structure
Trading will be conducted from Monday to Friday between 9:00 am and 11:30 pm, or up to 11:55 pm depending on US daylight saving time adjustments. The contracts will expire on the last calendar day of each month. Immediately after expiry, a new monthly contract will be launched to ensure uninterrupted trading continuity.
Price Limits and Margin Requirements
To manage volatility, a 6% daily price limit will be applicable. This limit can be extended to 9% after a cooling-off period if required. Margin requirements will be calculated based on SPAN (Standard Portfolio Analysis of Risk) or prevailing market volatility, whichever is higher.
Additionally, a 1% extreme loss margin will be levied, with the exchange retaining the authority to impose extra margins during periods of heightened market volatility.
Compulsory Delivery and Settlement Mechanism
The Gold 10g futures contract will follow a compulsory delivery mechanism, meaning open positions at expiry must be settled through physical delivery. Delivery will take place at the designated facilities in Ahmedabad.
The gold must meet 999 purity standards. However, final settlement will be based on the Ahmedabad spot price of 995 purity gold, converted to 999 purity equivalence. The settlement process will follow an E+1 pay-in cycle, ensuring timely completion of obligations.
Contract Specifications and Trading Symbol
The trading unit for the new contract will be 10 grams of gold, quoted on an ex-Ahmedabad basis. The tick size has been fixed at ₹1 per 10 grams, enabling granular price movements.
The maximum order size permitted will be 10 kilograms. The contract will trade under the symbol GOLD10G and will be available in monthly series, offering structured and regular hedging opportunities.
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